Sep 30, 2012 1:30am EDT
spending and i don't criticize ben bernanke for doing what he did with qe three, primarily the numbers look bad-- >> of aalways been in the-- >> and i tell you, never criticized, one you've never criticized. >> neil, neil, this is the only thing left. if you don't have-- >> come on, i think you doth protest too much. dagen. >> i think what ryan says does ring true. because obama care and the bowles simpson panel completely off the table. medicare don't touch it. medicaid, do ent touch it. in fact, paul ryan did work with alice rivlin on something like proposed for medicare and left out of the final proposal. if you're going to tackle it, tackle it all at once, because, again, you have to worry about the setup, oh, tax reform and we do end up raising tax revenue, but then they end up not doing anything about the looming true monsters that are on the horizon for the country. >> neil: adam? >> neil, i think you put paul ryan on the hot seat and he adequately squirmed out of it. if you're in a boat and the boat is sinking and someone hands you a bucket, no, thank you, i don't need that bucket i
Sep 29, 2012 8:00pm EDT
. lou: stock market closing out a terrific third quarter as ben bernanke's easy money policies make investors feel good. we take that up with lou, neant money line, stocks finishing lower on the day, but posting the third best quarter since 2010. the dow jones industrial's dropping 49 points. s&p is down six and a half, and nasdaq down 20, but still well off the lows of the day. dragging the market today, consumer spending, up just half a percent, increase because of higher gasoline prices. oversea, bank of spain releasing an audit showing seven of the countries failed stress tests despite anxiety about the eurozone. the big three indexes up 44% for the quarter. a federal judge today delivering a blow to the future trading commission and its effort to implement portions of the dodd-frank financial reform law. the judge rejected regulations that would have capped the amount of positions a trader can hold and the size of that position in various commodities. the chairman of the cftc says he's disappointed by the ruling and the agency is looking for new ways to get their way. well, my
Sep 30, 2012 2:00am EDT
under president obama because of all the money printing he's done. >> the money printing that ben bernanke has done. >> supporting the treasury and borrowing by obama. what romney understands, david, and president obama is clueless about, there's a big difference between tax credits and tax rates. cutting tax rates gives you incentive to invest in plant and equipment which then allows you to hire people, because you're going to get to keep an extra amount of money on each dollar of profit you make. cutting tax credits does not hurt incentive, because tax credits are temporary and does not encourage investment. >> steve, i want to keep it on the simplification, because that's success i can identify with. i haven't my own taxes in a long time. the reason is, because it's just too complex. i'm not a small business. if i was a small business, i'd have to do devote hundreds of hours of time, a lot of money, to figuring the thing out. >> that's right. the irs has figured out, david, that last year we spent 6.5 billion hours filling out tax forms, the equivalent of 2 1/2 million full-tim
Sep 30, 2012 7:00am PDT
reserve's latest policy meeting will be released and we'll see where ben bernanke and the rest of the bankers see the economy headed right now and kraft foods will split into two separately traded companies. i'm tyler mathisen. get your business news on cnbc. >> a reminder you can get business and tech news before the bell weekdays on "today in the bay" starting at 4:30 in the morning. much more ahead on "today in the bay." race to the white house. candidates get some last-minute jabs before wednesday's big debate. >> good morning. i'm mike inouye. there's lots to do "today in the bay." let's start with the perfect mix of both sides of my life. being the traffic guy there and daddy guy at home. today at the motor sports park, take your teen to get real behind the wheel with the help of the alameda county sheriff's office. this safe driving event starts at 9:30 introducing young drivers to safe technique and to avoid distractive driving. it's open to those too young to get their permits. 14 and up can get behind the wheel here. sometimes those roads can seem like a free-for-all.